Deadline for bids to buy Kem One is imminent

9:27 AM MDT | June 13, 2013 | Francinia Protti-Alvarez

The deadline for bids to acquire debt-ridden vinyls producer Kem One (Lyon, France) is tomorrow. A decision on the bids is expected in early July. Kem One went into receivership on 27 March, as reported by CW. The company received approval in April from the commercial court of Lyon to continue operating during the six-month receivership period. Several potential buyers have shown interest, and Kem One's finances are improving, with financial support secured for the duration of the period, Kem One says in a statement. Meanwhile, production has returned to...